According to news site Exame, Brazil’s second largest brewer Cervejaria Petropolis is (again!) the target of a government’s crackdown on tax evasion charges. This time the company is suspected of having failed to pay over R$600 million in state taxes between the years of 2006 and 2011, according to the state of Sao Paulo’s finance secretary.
Since this morning, fiscal agents are at the brewery plant in São Paulo to investigate the alleged fraud.
idiots people never learn…
Still according to Exame, the company has gone through a similar situation in June 2005 when the brewery executives were targeted by the same agents and prosecutors in an operation code-named Operacao Cevada. At the time, the IRS was investigating tax evasion charges in the order of about R$1 billion dollars in unpaid federal and state taxes.
According to investigations, Cervejaria Petropolis was evading the ICMS (Tax on Circulation of Goods and Services) by a process of simulated transfers between the Sao Paulo office and one of its subsidiaries located in another state.